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A strong request book, the highest level ever, but there is a fundamental danger

Rolls Royce has risen over the past eight weeks in a row and the domain momentum is still playing. Moreover, the stock reached levels above 901p on Thursday. However, with the sharp height the risk of profit comes, which can stimulate the downward pressure in the short term. However, the deepest evaluation of the company’s basics signals is still more the main space for the stock price to continue climbing.

The average trend index (ADX) on the ROYCE 28 share price on the daily chart and 43 on the shorter time frame for 4 hours. Besides RSI’s reading of 75, this preparation indicates a strong momentum that adds credibility to the possibility of a new level in the short term. However, these numbers also indicate excessive conditions that can limit the upward trend, as investors are increasingly tending to tame their appetite and achieve profits.

A strong request book, but with risks

ROYCE (LSE: RR.) Revenue at 2.7 billion pounds-2.9 ​​billion pounds of 2025 pounds in early May. In addition, she has since won a contract of 563 million pounds to serve the EJ200 engines for Royal Airforce Airforce. However, the largest catalyst for its high store is the latest Bloomberg report that highlighted China as the next main market for Airbus.

Rolls -Royce is the main supplier of Airbus engines, and China’s high relations with the United States have seen that it has turned its attention away from Boeing. This brings Airbus in Europe to the image, which translates into a significant rise in revenue for Rolls Royce.

However, despite the strong order notebook, Rolls Royce faces the height of the supply chain and maintenance accumulation, as the Airbus A350 XWB engines and TRENT 1000 engines of Boeing 787 were affected.

As of writing this report, Rolls Royce Backlog stands at about 1843 aircraft. Also, the high global geopolitical conflicts also raises the possibility of increasing demand for jet fighter engines. Therefore, the ongoing conflicts to meet the increasing demand are a basic weakness for the ROYCE share price despite its 56 % gains.

See too

Rolls Royce Sur PRICE prediction

Rolls Royce PRICE PRICE PIVOTS at 880 pixels and momentum prefer buyers to stay in control. The arrow is likely to fulfill the initial resistance at 901p, but the expanded control by buyers will be broken above this level and perhaps a 910p test.

On the contrary, the procedure of less than 880 pixels will turn the momentum into the negative side, with the first support of 866 pixels. The bullish direction would be invalid if the price is less than this level. Also, expanded control by sellers can pay a lower RR price for 851p test.

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